Course content

Day One

Understanding Investment Funds

• Offshore versus domestic funds
• Background, structures and types of funds
• Overview of the legal structures of funds
• Market nuances in the different countries and their implications on fund administration

Roles and Responsibilities

• Defining the responsibilities of each player involved in the overall administration of the fund
• Managing your relationship with:
  • investment managers
  • brokers
  • custodians
  • fund sponsors
  • trustees
  • investors
• What actions are required in dealing with:
  • AGM decisions
  • mergers/takeovers
  • corporate actions

Valuation and Pricing of Investment Funds

• Bookkeeping for all portfolio transactions
• When should a position be included in the valuation?
• Is it necessary to receive a broker confirmation prior to recording a transaction?
• Latest techniques to ensure ‘Best Execution’
• Market conformity checks

Broker Agreements

• Process to allocate transaction volume to different brokers based on settlement quality, research etc
• Handling of fund-to-fund transactions or cross trades
• Posting of G/L entries
• Calculation of all management fees, performance fees and any related expenses
• Calculation of accrued income
• Computation of the value of the fund’s assets
• Identifying appropriate pricing sources
• When and which prices should be used for international funds with holdings in different time zones
• FX rates for conversion of FX amounts
• What procedures should be used for the valuation of illiquid instruments?
• Daily calculation of the net asset value

Day Two

Registrar and Transfer Agency Services

• Maintenance of the shareholders’ register for the fund
• Issuing certificates
• Amendments to investor details
• Arrangements on the death of shareholder
• Powers of attorney
• Global transfer agency function

Client Services in an International Context

• Documentation and regulation
• Master agreements for OTC derivatives and repo transactions
• Trusteeship
• Scheme particulars
• Key feature documents
• Efficient portfolio management
• Customer protection
• Reporting to clients
• Preparation of financial statements
• Customised reporting and information
• Multi-currency and multi-instruments reporting
• Tax reporting

Dates

16 & 17 April 2012 (Please note new start date supersedes prospectus)
30 & 31 October 2012